Floatel International Ltd and Prosafe SE and have agreed to extend the long stop
date in the transaction agreement from 31 December 2019 until 30 June 2020.

Competition clearance continues in Norway and the UK, and further information
will be provided in due course.

A potential merger will also be subject to lenders approval, approval from
Floatel bondholders and approval by an Extraordinary General Meeting in Prosafe
SE.



For further information, please contact:
Peter Jacobsson, CEO, Floatel International AB - Tel: + 46 31 352 07 00; Mob:
+46 76 856 36 18
Tomas Hjelmstierna, CFO, Floatel International AB - Tel: + 46 31 352 07 00; Mob:
+46 70 261 09 01

About Floatel

Floatel International owns and operates five semisubmersible accommodation
vessels, all vessel where delivered within the period 2010 to 2016. Floatel has
two bond issuances listed on Oslo ABM with ticker code FLOAT02 and FLOAT03. For
more information, please refer to http://www.floatel.bm

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